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Donald Trump

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<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>Bitcoin surpassed $100,000 for the first time, propelling the cryptocurrency market's value to a record $3.8 trillion.</em></li>  
 <li><em>President-elect Trump’s pro-crypto stance, including appointing Paul Atkins to lead the SEC, has fueled confidence in the industry.</em></li> 
</ul>  
<h5 class="wp-block-heading">Bitcoin breached the $100,000 mark for the first time on Thursday, a milestone for the cryptocurrency market. Investors have flocked to the digital asset, betting that President-elect Trump administration will further cement its place in financial markets.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-64.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-64-1024x576.jpg" alt="President-elect Trump Is Fueling the New Crypto Wave" class="wp-image-295547"></a>
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<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292402-gary-gensler-resignation-likely-before-trump/" target="_blank" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295166-microstrategy-bitcoin-investment-yields/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/294040-donald-trump-administration-increase-cftc-power/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/264997-tether-strategic-transition-eos-and-algorand/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/295417-president-elect-donald-trump-congratulates-btc/" rel="noopener noreferrer nofollow">President-elect Donald Trump Congratulates Bitcoin Holders On Surpassing $100K</a></p>  
<h2 class="wp-block-heading" id="bitcoin-breaches-100k-as-crypto-market-reaches-all-time-high">Bitcoin Breaches $100K as Crypto Market Reaches All-Time High</h2>  
<p>According to <em><a href="https://www.reuters.com/technology/bitcoin-tops-100000-optimism-over-trump-crypto-plans-2024-12-05/" target="_blank" rel="noopener noreferrer nofollow">Reuters</a></em>, the total value of the cryptocurrency market surged to a record $3.8 trillion, nearly doubling. This positions it slightly ahead of Apple, which, at $3.7 trillion, is considered the world's most valuable company.</p>  
<figure class="wp-block-image aligncenter size-full"><a href="https://coincu.com/wp-content/uploads/2024/12/Screenshot-2024-12-06-at-02.23.16.png" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/Screenshot-2024-12-06-at-02.23.16.png" alt="President-elect Trump Is Fueling the New Crypto Wave" class="wp-image-295545"></a>
 <figcaption class="wp-element-caption"><em>Source: <a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">CoinGecko</a></em>
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<p>In the 16 years since its creation, <a href="https://coincu.com/295488-german-government-loses-2-4-billion/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> has evolved from a niche libertarian experiment into a recognized asset class welcomed by Wall Street. The cryptocurrency's rise has minted millionaires, popularized "decentralized finance," and inspired widespread interest in digital assets.</p>  
<p>Bitcoin is trading at more than $100,800 at the time of writing. This means a more-than-doubling so far this year and is especially a sharp 50 per cent increase in the four weeks immediately after Donald Trump's presidential victory. <a href="https://coincu.com/294040-donald-trump-administration-increase-cftc-power/" target="_blank" rel="noopener noreferrer nofollow">Trump's government</a>, by virtue of several pro-crypto legislators therein, has spurred optimism among investors.</p>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/Screenshot-2024-12-06-at-02.26.04.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/Screenshot-2024-12-06-at-02.26.04-1024x745.jpg" alt="President-elect Trump Is Fueling the New Crypto Wave" class="wp-image-295544"></a>
 <figcaption class="wp-element-caption"><em>Source: <a href="https://coincu.com/" rel="noopener noreferrer nofollow">Coincu</a></em>
 </figcaption>
</figure>  
<h2 class="wp-block-heading" id="pro-crypto-policy-fuel-optimism-among-investors-under-president-elect-trump">Pro-Crypto Policy Fuel Optimism Among Investors Under President-Elect Trump</h2>  
<p>Thursday's price increase came after President-elect Trump nominated <a href="https://coincu.com/295287-new-sec-chair-appointed-by-donald-trump/" target="_blank" rel="noopener noreferrer nofollow">Paul Atkins</a>, a former commissioner of the SEC, to head the Securities and Exchange Commission. Atkins is considered a pro-regulatory leader as he has been involved in crypto policy as co-chair of the Token Alliance and working with the Chamber of Digital Commerce.</p>  
<p>Trump had earlier spoken negatively about cryptocurrencies but reversed course during the campaign with promises to make the U.S. the "crypto capital of the planet" and establish a national Bitcoin reserve. Crypto companies Ripple, Kraken, and Circle are said to be among those angling for spots on a crypto advisory council that Trump has proposed.</p>  
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/" rel="noopener noreferrer nofollow"> this website</a> is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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President-elect Trump Is Fueling the New Crypto Wave

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